one person handing over cash to the person holding bills in their hand
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Couple Goes Viral For Revealing They Don't Split Bills 50/50

Let me ask you something, how do you and your partner split the bills? Do you contribute equally, or do you have some other system?

I recently stumbled upon a TikTok video from a couple who are doing things a little differently, and it really has me rethinking my own finances. So let's take a look at exactly how they're tackling this issue and what we can learn from them. Come on!

A millenial couple recently posted on TikTok.

woman pressed against a man overlooking the water
Unsplash | Milan Popovic

The woman, Mimi, shared an interesting system the couple came up with so they could split their bills more fairly. And I have to say I was pretty surprised. Here's how differently they do things and why.

They don't split the bills 50/50.

video of couple walking together
TikTok | @findingmimivlogs

Instead, they practice equity. What? What does that mean? Okay, here's the thing. There's a key difference in splitting expenses equally and equitably. When you divide the bills equally, both partners contribute the same exact amount regardless of what they make.

That makes sense, right?

man saying "That makes sense."
Giphy | CBC

But when you split the bills by equity, you pick a percentage that both partners contribute towards the shared expenses. This works best for couples who have different incomes. Let me explain this further by this calculation.

Let's do some math. Shall we?

man sitting at a desk using a calculator
Unsplash | Towfiqu barbhuiya

If one partner makes $1000 per month and the other makes $1500, they could settle on paying 20% towards their monthly expenses. So if rent were $500, the person who makes $1000 per month would contribute $200, and the person who makes $1500 would contribute $300.

This makes things more fair for the partner who makes less money.

man saying "Now I get it."
Giphy | The Paley Center for Media

Hmm, I like that. In the case of this couple, this system worked out best for them. Mimi makes less money and has student debt to pay off, and her partner's parents chipped in for his education. Also, he graduated before her, so he's been in the workplace longer.

There are other ways of splitting expenses equitably.

man sitting with a baby reading a book
Unsplash | Picsea

For example, if one person is a stay-at-home parent, they're already contributing unpaid labor and childcare while the other partner works at a job. So, there's no need to split the bills at all.

And there's this scenario, too:

couple making food in the kitchen
Unsplash | Becca Tapert

This system can also apply to the division of housework. Instead of one person doing it all, both couples can contribute a portion of their time towards it. I don't know about you, but I think this can definitely elevate some burnout.

Look at it this way.

exhausted woman resting on a desk
Pexels | Pexels

If one person is doing all the cooking, cleaning, and taking care of the household, they can develop some resentment towards their partner, no? This is especially true if they're already running after the kids, too.

So, what do you think of this idea?

woman saying "Oh I love this."
Giphy | Rosanna Pansino

I have to say, I love it, and I'm scratching my head thinking, "why haven't I thought of it?" This method of splitting the bills or division of labor makes so much more sense to me. It's really the fairer way to look at things.

And it works best when one partner makes less money than the other or is the one taking care of the kids and the household. Do you agree with me?